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Starbucks | Phoenix, AZ 15615 S Desert Foothills Pky 4,586 SF Retail Building Phoenix, AZ 85048 $5,922,550 CAD ($1,291.44 CAD/SF) 5.35% Cap Rate
Investment Highlights
- Single-Tenant Corporate Starbucks Drive-Thru and Cafe (NASDAQ: SBUX; S&P: BBB+)
- Four 5-year options at 10% increases
- Very Strong Performing Store: One of the top busiest locations in the district of approx. 30 locations
- New 10-year lease; 10% rent increase every 5 years
- Only Starbucks Drive-Thru in a 4.5-Mile Radius
- Long-Term Replaceable and Sustainable Rent
Executive Summary
New 10-Year Lease | Only Starbucks Drive-Thru Within a 4.5-Mile Radius | Large 1.25-Acre Lot | $206k AHHI in 1-Mile Radius
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,586 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$5,922,550 CAD
Price Per SF
$1,291.44 CAD
Cap Rate
5.35%
NOI
$316,856 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.25 AC
Zoning
C-2 - Commercial
Parking
32 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
328’ on East Chandler Boulevard
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 300-97-244 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $451,357 CAD |
Property Taxes
Parcel Number
300-97-244
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$451,357 CAD
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Starbucks | Phoenix, AZ | 15615 S Desert Foothills Pky
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